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Public sector banks don't have power to issue LOCs against defaulters: Bombay HC

Public sector banks don't have power to issue LOCs against defaulters: Bombay HC
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Public Sector Banks Don't Have Power To Issue Look Out Circulars Against Defaulters: HC

Public Sector Banks Don't Have Power To Issue Look Out Circulars Against Defaulters: HC
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Public sector banks don't have power to issue Look Out Circulars against defaulters: HC Mumbai | Mumbai News

The High Court quashed and set aside the LOCs issued to restrain people indebted to public sector banks from travelling abroad.

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Public sector banks don't have power to issue Look Out Circulars against defaulters: HC

Bombay HC rules public banks can t issue LOCs against defaulters. Verdict quashes all circulars. Centre s 2018 amendment allowed banks to issue LOCs in economic interest of India , but HC deems it unconstitutional.

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Public sector banks don't have power to issue Look Out Circulars against defaulters HC

(This story has not been edited by THE WEEK and is auto-generated from a PTI

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